Woodhorn Road, Ashington

This two-bedroom leasehold property presents an excellent investment opportunity, with a tenant already in situ and a current rental income of £420 per calendar month. The property offers a strong potential rental yield of around 14.40%. Therefore, it is an attractive option for investors looking to expand their portfolio.

Ideally located close to local shops and schools, this property is well-suited for long-term rental demand. The house features gas central heating, providing efficient warmth throughout. With its existing tenant and established rental income, this property is a hassle-free investment ready to generate returns from day one.

Key Features:

Investment Property – Tenanted
Rental Value: £420pcm
2 Bedrooms
Leasehold – 999 Years from the 7th June 1990
Peppercorn Ground Rent
Gas Central Heating

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

GROUND FLOOR

Lounge
with carpeted flooring, double glazed window and radiator.

Kitchen
comprising of a range of wall and base units, sink unit, space for fridge/freezer, oven, electric hob, space for washer, vinyl flooring, tiled walls, double glazed window and radiator.

FIRST FLOOR

Bedroom 1
with carpeted flooring, double glazed window and radiator.

Bedroom 2
with carpeted flooring, double glazed window and radiator.

Bedroom 3
with carpeted flooring, double glazed window and radiator.

Bathroom
featuring bath, low level wc, wash hand basin, double glazed window and radiator.

EPC: D

Council Tax Band: A

Tenure: Leasehold
Peppercorn Lease with 965 years and 10 month remaining. No charges.

NB
To ensure a fast and secure sale. You will secure the sale with a reservation fee of £1,200 inclusive of vat at offer stage, giving the buyer exclusive rights to purchase within a given timeframe and an additional £1,200 inclusive of vat on completion. Paying the reservation deposit ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you, eliminating gazumping.